Creating a Contract

4 Replies

What are the necessary buyer/seller contract clauses?

Is it smart or possible to write my own contracts up for each deal, or should I just go to my RE attorney to have him write it up?

Can I have reusable contracts? Reusable meaning same content and clauses just changed numbers, dates, and names. (Very similar contracts instead of recreating a contract for each deal).

All advice and info is appreciated. Thanks.

Damon.

@Damon Armstrong - Here is a link for a purchase agreement in Louisiana - just google "offer to purchase real estate <enter state here>" and you can usually find them

http://www.lrec.state.la.us/pdf_files/agreement%20to%20buy%20or%20sell%20fill-in%20for%20website.pdf

Brie Schmidt, Real Estate Agent in Wisconsin (#57846-90) and Illinois (#471.018287)

@Brianna Schmidt that was actually a very helpful link. It is a residential purchase/sell contract with all necessary clauses such as the exit clause. Would i still have to get a RE attorney to write up a contract for apartment complexes and LLC agreements for investors participating in the apartment investment?

That is why I came to BP. I noticed lots of things I research about LA doesn't come up. Thanks for your help. @Brianna Schmidt

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